Customers Finance Enforcement Check Out. CFPA, Mortgage, NYDFS, County AGs, TILA

On Sep 16, 2020, the newest York Department of economic solutions (“DFS”) revealed it filed a statement of charges against a debt collector across loan companies alleged failure to follow New York States business collection agencies Regulation, Part 1 of Title 23 of ny Codes, Rules, and

New York Office of Monetary Services Announces Settlement with Unlicensed Mortgage Lender

  • January 11, 2020
  • Stephen Shaw
  • ?On January 10, 2020, the fresh York division of monetary service (DFS) revealed that, in collaboration with the fresh new York attorneys General (ny AG), it have entered into a consent purchase and settlement with an unlicensed mortgage-lending business to settle allegations that companies dishonestly produced predatory, subprime loans in

    Ny Section of Economic Treatments Announces Step Targeting Education Loan Credit Card Debt Relief Business

  • Sep 6, 2019
  • Stephen Shaw
  • NYDFS, College Loans
  • ?On September 5, 2019, the New York office of Investment service (NYDFS) announced? it absolutely was establishing a new researching into the student loan debt relief market. NYDFS mentioned that, as an element of the Step Up for college students effort, it absolutely was issuing subpoenas to eight education loan credit card debt relief businesses

    Nyc DFS Fines mortgage Servicer $100,000 for Violations of Vacant and Abandoned land Law

  • January 18, 2019
  • Tierney Smith
  • Financial, NYDFS
  • On January 16, the fresh York office of economic service (DFS) revealed this fined a New York state-registered mortgage loan servicer $100,000 for failing woefully to uphold two qualities in New York under brand-new Yorks Abandoned belongings Relief Act, which requires banking companies and home loan service to fulfill some repair commitments at

    New York DFS Enters Into permission Order With Payday financial obligation Collector and Servicer for $12 Million

  • Sep 25, 2017
  • Tierney Smith
  • On Sep 25, 2017, brand new Yorks economic providers Superintendent launched? your office of monetary service (DFS) got registered into a consent order with a payday loan personal debt enthusiast and an online payday loan servicer that maintained and accumulated on payday advances made to New York people who comprise illegal in brand-new

    NY DFS Obtains $604,000 in Restitution and $500,000 Civil Penalty From loan provider Just who didn’t Refund loan provider Credits

  • August 10, 2017
  • Patrice Hendriksen
  • Financial, NYDFS, RESPA
  • ?On August 10, 2017, the fresh new York division of Financial solutions (DFS) established it had registered into a consent purchase with a Missouri-based lender that focuses on mortgage loans guaranteed of the usa Department of experts matters. According to research by the permission order, the DFS determined that, between 2011 and 2014, the financial institution hit a brick wall

    Mortgage Lender Agrees to $28 Million Fine by NYDFS

  • November 11, 2016
  • Customers Loans Enforcement Watch
  • Home Loan, NYDFS, TILA
  • On November 9, 2016, the fresh York Department of economic solutions (NYDFS) revealed they inserted into a permission purchase with a New Jersey-based mortgage company and its own part. The transaction stems from multiple research concerning loans started between 2008 and early 2014. The NYDFS alleges the business have insufficient

    NY DFS Obtains $3 Million in Restitution for prohibited Payday financing

  • Will 19, 2016
  • Patrice Hendriksen
  • FDCPA, NYDFS, Payday Credit
  • On May 18, this new York State Department of Financial solutions (DFS) launched a permission order with a personal debt consumer for purchasing and gathering on allegedly illegal pay day loans designed to nyc buyers, in infraction with the Fair commercial collection agency Practices operate and nyc state rules. The settlement necessitates the

    NY DFS Obtains $119K in Restitution for illicit Payday Lending

  • May 19, 2016
  • Patrice Hendriksen
  • FDCPA, NYDFS, Payday Lending
  • On May 18, the brand new York state dept. of Financial solutions (DFS) established a consent purchase with a Virginia debt customer for collecting on unlawful payday loans from nyc buyers, in violation from the reasonable business collection agencies Practices operate and ny state rules. Between 2012 and 2014, the debt buyer

    NY Division of Investment Providers Settles Payday Financing Promises Against Using The Internet Lender

  • March 17, 2016
  • Customer Fund Enforcement Check Out
  • NYDFS, Payday Lending
  • On March 17, 2016, the brand new York Department of Financial service (NYDFS) launched it registered into a consent purchase and payment with a monetary services company over allegations the business offered illegal payday loans online in nyc. The company presumably run an online cash advance “lead generation” companies. Although payday financing is

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